Bannerman Resources Limited: Quarterly Activities Report
(firmenpresse) - PERTH, WESTERN AUSTRALIA -- (Marketwire) -- 10/31/11 -- Bannerman Resources Limited (TSX: BAN)(ASX: BMN)(NSX: BMN) ("Bannerman" or the "Company") is pleased to announce highlights from its September 2011 Quarterly Activities Report released today. The full report is available on the Company's website at and on SEDAR ().
During the September 2011 quarter, Bannerman progressed the Definitive Feasibility Study ("DFS") on its Etango Uranium Project in Namibia and continued various corporate discussions with Hanlong and a number of potential development partners.
HIGHLIGHTS
Len Jubber, Chief Executive Officer, 31 October 2011
About Bannerman - Bannerman Resources Limited is an emerging uranium development company with interests in two properties in Namibia, a southern African country considered to be a premier uranium mining jurisdiction. Bannerman's principal asset is its 80%-owned Etango Project situated southwest of Rio Tinto's Rossing uranium mine and to the west of Paladin Energy's Langer-Heinrich mine. Etango is one of the world's largest undeveloped uranium deposits. Bannerman is focused on the feasibility assessment and development of a large open pit uranium operation at Etango. More information is available on Bannerman's website at .
Technical and Cautionary Disclosures
Certain disclosures in this release, including management's assessment of Bannerman Resources Limited's plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Bannerman's operation as a mineral development company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The following are important factors that could cause Bannerman's actual results to differ materially from those expressed or implied by such forward looking statements: fluctuations in uranium prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; general market conditions; the uncertainty of future profitability; and the uncertainty of access to additional capital. Full descriptions of these risks can be found in Bannerman's various statutory reports, including its Annual Information Form available on the SEDAR website, sedar.com. Readers are cautioned not to place undue reliance on forward-looking statements. Bannerman expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
The Company has not completed feasibility studies on its projects. Accordingly, there is no certainty that such projects will be economically successful. Mineral resources that are not ore reserves do not have demonstrated economic viability.
The information in this report relating to the Mineral Resources of the Etango Project is based on a resource estimate completed or supervised by Mr Neil Inwood, a full time employee of Coffey Mining Pty Ltd. Mr Inwood is a Fellow of The Australasian Institute of Mining and Metallurgy and has sufficient experience relevant to the style of mineralisation and types of deposits under consideration and to the activity which is being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves", and is an independent consultant to Bannerman and Qualified Person as defined by Canadian National Instrument 43-101. Mr Inwood consents, and provides corporate consent for Coffey Mining Pty Ltd, to the inclusion in this report of the matters based on his information in the form and context in which it appears.
Contacts:
Bannerman Resources Limited
Len Jubber, Chief Executive Officer
Perth, Western Australia
+61 (0)8 9381 1436
+61 8 9381 1068 (FAX)
Bannerman Resources Limited
Tim Haughan, Investor Relations Manager
Perth, Western Australia
+61 (0)8 9381 1436
+61 8 9381 1068 (FAX)
Bannerman Resources Limited
Ann Gibbs, Investor Relations, Asia
Singapore
+65 9450 9369
Investor Relations, North America
Spyros Karellas
Toronto, Ontario, Canada
+1 416 800 8921
Professional Public Relations - Media
David Tasker
Professional Public Relations
+61 (0)433 112 936
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Datum: 31.10.2011 - 09:00 Uhr
Sprache: Deutsch
News-ID 81688
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contact information:
Town:
PERTH, WESTERN AUSTRALIA
Kategorie:
Mining & Metals
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